Tuesday, June 3, 2014

Gap between rich and poor

Whether a widening gap between the rich and everyone else is a problem and what, if anything, should be done about it is up for debate.

"I personally find it very worrisome," said Federal Reserve Chairwoman Janet Yellen during a recent Senate hearing. Inequality can "determine the ability of different groups to participate equally in democracy, and have grave effects on social stability over time." 

Whether the widening wealth gap is a serious problem, one thing is clear: The richest have a massive amount of money, and they're getting more of it every day.


via http://money.cnn.com/2014/06/01/luxury/rich-wealth-gap/